Marcellus

Shale Rigs Gain on the Week, Remain Lower than Last Month

Shale gas plays gained 14 active rigs to 964 rigs in the week ended April 29 over the previous week’s 950 rigs for a 1% increase, but the total was a 2% decrease from the 981 rigs active a month ago for the week ending April 1, according to NGI’s Shale Daily Unconventional Rig Count.

May 2, 2011

Chesapeake Says Well Blowout Is Under Control

As the U.S. Environmental Protection Agency (EPA) seeks answers, Chesapeake Energy Corp. said the blowout of one of its Marcellus Shale wells in northeast Pennsylvania is now under control.

April 27, 2011

Chesapeake Says Well Blowout Is Under Control

As the U.S. Environmental Protection Agency (EPA) seeks answers, Chesapeake Energy Corp. said the blowout of one of its Marcellus Shale wells in northeast Pennsylvania is now under control.

April 27, 2011

Drilling on Game Lands Approved by Pennsylvania

The Pennsylvania Game Commission (PGC) approved four deals with Marcellus Shale operators at its April meeting, including one that could lead to drilling on state lands.

April 25, 2011

Chesapeake Halts Marcellus Completion Operations After Blowout

Chesapeake Energy Corp. has voluntarily suspended all completion operations in Pennsylvania as response crews work to contain a Chesapeake well blowout in the Marcellus Shale in northeast Pennsylvania.

April 25, 2011

Chesapeake Halts Marcellus Completion Operations After Blowout

Chesapeake Energy Corp. has voluntarily suspended all completion operations in Pennsylvania as response crews work to contain a Chesapeake well blowout in the Marcellus Shale in northeast Pennsylvania.

April 25, 2011

Industry Briefs

Houston-based independent Magnum Hunter Resources Corp.’s Triad Hunter LLC unit has bought Marcellus Shale oil and gas properties and leasehold mineral interests in Wetzel County, WV, for $20 million, the company said. The assets acquired include 2,225 net contiguous acres containing 20 identified horizontal drilling locations, of which seven gross locations are currently booked as proved undeveloped. A company analysis conducted in December found that the assets contained total proved reserves of about 11.5 Bcfe (16% proved developed producing) with net production of 517 Mcfe/d (100% natural gas).

April 15, 2011

Crosstex Expands Midstream Infrastructure

Targeting natural gas and natural gas liquids (NGL) production from shale plays in Texas, Louisiana and Pennsylvania; and conventional production from the Gulf of Mexico, Crosstex Energy Inc. unit Crosstex Energy LP has completed and brought online two expansions of its natural gas gathering system in the Barnett Shale in North Texas and has reactivated its Eunice NGL fractionator in south central Louisiana.

April 8, 2011

Drilling Companies Lose Marcellus Counter Suit

A federal judge ruled earlier this month that Pennsylvania landowners who signed Marcellus Shale leases with oil and gas companies — then unsuccessfully sued to have them nullified — did not “repudiate” the lease terms, and turned down the companies’ counter suit to extend the leases by two years to regain time lost during litigation.

March 21, 2011

Judge Rules Against Drilling Companies in Marcellus Case

A federal judge ruled last week that Pennsylvania landowners who signed Marcellus Shale leases with oil and gas companies — then unsuccessfully sued to have them nullified — did not “repudiate” the lease terms, and turned down the companies’ counter suit to extend the leases by two years to regain time lost during litigation.

March 15, 2011